McClurg Sees XRP Doubling as Institutional Infrastructure Builds

Steven McClurg, co-founder of Canary Capital, has made waves in the XRP community with his recent price statement. As someone who helped build one of the leading U.S. firms in crypto investment products, his target is well above current trading levels and signals conviction from an institutional voice.

McClurg's $3 to $4 target over a 12-month horizon reflects a measured but bullish view on where XRP is heading. This outlook accounts for the accumulation of institutional infrastructure building around the asset, including spot ETF products, growing on-chain activity, and expanding financial partnerships tied to Ripple's payment network.

The market is watching these targets closely, as McClurg's position at Canary Capital gives his outlook credibility that stands apart from social media speculation. His views are informed by the same market structure and demand signals that drive institutional capital allocation.

Aside from institutional commentary, activity across the XRP ecosystem continues to grow. The wrapped form of XRP on Flare Network, worth roughly $59 million at the time of the announcement, has seen a significant increase in its vault ceiling.